It can be confusing to understand exactly what these terms mean, so in this If you buy, or go long, EUR/USD for example, you are buying EUR with USD. The term "currency trading" can mean different things. If you want to learn The EUR/USD rate represents the number of US Dollars one Euro can purchase. This page will break down the history of the EUR/USD, why to trade it and This means they move in the opposite direction of the previously mentioned Part of the attraction of forex day trading is that you can buy and sell 24-hours a day. Global Reach can offer great rates, tailored transfers, and market insight to help you choose the best times for you to trade. Speaking to a currency specialist helps 

18 Jan 2017 Does it mean I am selling EUR for USD or selling USD for EUR ? Does the Is there are rule which would help me to quickly visualize what is what? Let's look at the pair EUR/USD . This is the abbreviation for the euro US dollar pair, where the value is equal to how many dollars it takes to buy one euro.

The term "currency trading" can mean different things. If you want to learn The EUR/USD rate represents the number of US Dollars one Euro can purchase. This page will break down the history of the EUR/USD, why to trade it and This means they move in the opposite direction of the previously mentioned Part of the attraction of forex day trading is that you can buy and sell 24-hours a day. Global Reach can offer great rates, tailored transfers, and market insight to help you choose the best times for you to trade. Speaking to a currency specialist helps  So, if you purchase the EUR/USD at 1.1250, you would receive one unit of the European terms mean the U.S. dollar sits in the base currency location and the 

Buying EUR / USD or going long on EUR / USD means buying that currency exchange. In the reality, in the currency market to buy EUR / USD means specifically buy Euros and sell Dollars, so, as they say in the jargon, be long on the Euro and short on the Dollar. Ultimately, with a single operation you instead make two of them.

Buying EUR / USD or going long on EUR / USD means buying that currency exchange. In the reality, in the currency market to buy EUR / USD means specifically buy Euros and sell Dollars, so, as they say in the jargon, be long on the Euro and short on the Dollar. Ultimately, with a single operation you instead make two of them. What does it mean to short a currency? Being short of a currency means that you will profit if its relative value decreases against the currency of which you are long. For example, if you are long EUR/USD, you have bought EUR with USD, so you are short USD.

In addition to USD for the United States dollar, common abbreviations include EUR for the euro used in many European countries, GBP for the Great Britain pound, JPY for Japanese yen and CAD for the Canadian dollar. Using the abbreviations rather than terms like pound or dollar, which can be used for multiple currencies, or abbreviations like the dollar sign ($) helps clearly indicate which currency you're referring to.

14 Oct 2016 When you want to buy EUR and sell USD, you would buy the major pairs, which means you can initiate trades up to 50 times larger than the  11 Oct 2018 EURUSD or EUR/USD is shorthand for the pair of currencies made how many dollars (the quote currency) are needed to buy a Euro (the base currency). financial performance typically means the currency gets stronger. Trading the EUR/USD currency pair is also known as trading the "euro.". The value of the EUR/USD pair is quoted as 1 euro per x U.S. dollars. For example, if the pair is trading at 1.50, it means it takes 1.5 U.S. dollars to buy 1 euro. In this example, the U.S. dollar is the base currency and thus the “basis” for the buy/sell. If you think that the Japanese government is going to weaken the yen in order to help its export industry, you would execute a BUY USD/JPY order. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars. The most traded currency pairs in the world are called the Majors. They involve the currencies euro, US dollar, Japanese yen, pound sterling, Australian dollar, Canadian dollar, and the Swiss franc When you want to buy EUR-USD, your broker changes your trading account capital into USD and then pays that USD to buy Euro. This is how it works. Any trade in the market has to be done through USD. US dollar is the main currency and is the axis of all transactions on the currency market. Best Answer: The first currency is called the base currency, EUR and the second currency is called the quote currency, USD. The currency pair shows how much of the quote currency is needed to purchase one unit of the base currency. When you trade forex you are buying the base currency and selling, or short, the quote currency.

In this example, the U.S. dollar is the base currency and thus the “basis” for the buy/sell. If you think that the Japanese government is going to weaken the yen in order to help its export industry, you would execute a BUY USD/JPY order.

A currency pair is the quotation of the relative value of a currency unit against the unit of This means that 1 Euro can be exchangeable to 1.25 US Dollars. either the dollar buying strength has weakened or the euro has strengthened, 

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